“In the Name of Allah, the Most Gracious, the Most Merciful”
Our valued shareholders,
On behalf of myself and the members of the Board of Directors, I am gratified to demonstrate with you the annual report for Ezdan Holding 2019.
Undoubtedly, the challenges that have stricken the real estate market in 2019, had rendered salient effects on the economic and investment sectors in general, which required us as a leading real estate developer to enhance our schemes and strategies to ensure that we continue our vital role in supporting sustainable development plans guided by the sagacious vision of His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar as well as his unlimited and relentless support, which contributed to the stability of development and growth in the outright investment and production sectors in Qatar.
As reflected in the financial statements report of Ezdan Holding Group for the year 2019, the Group realized a net profit of QAR 309,292,000, compared to QAR 433,749,000 in 2018, while the earnings per share (EPS) stood at QAR 0.012 compared to QAR 0.016 during 2018.
Moreover, Ezdan has also generated revenues of QAR 1,669,186,000, compared to revenues of QAR 1,622,228 in 2018.
In continuation of the march of success that Ezdan has attained during the past years, we will proceed with tireless efforts to focus on expanding the operational capacity of all our projects and embarking on new ones until full operation phases.
In conclusion, we pay our tribute of appreciation again to the shareholders for their support and trust, for our esteemed customers and our professional hard-working staff whose painstaking efforts, sincerity and dedication to work resulted in such good performance.
And Allah is the arbiter of success
Dr. Khalid bin Thani bin Abdullah Al Thani
Chairman of Ezdan Holding Group